Cross Country Healthcares, Inc. (CCRN) stock poised to deliver a potential return of 40.37%

Cross Country Healthcares, Inc. [CCRN] stock is trading at $14.96, up 1.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CCRN shares have gain 10.73% over the last week, with a monthly amount glided 6.48%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Jefferies downgraded its rating to Hold on November 03, 2023, and dropped its price target to $21. On June 26, 2023, William Blair initiated with a Outperform rating. Loop Capital started tracking the stock assigning a Buy rating and suggested a price target of $30 on March 10, 2023. Truist downgraded its rating to a Hold but $36 remained the price target by the analyst firm on October 05, 2022. Jefferies upgraded its rating to Buy for this stock on January 27, 2022, and upped its price target to $27. In a note dated August 05, 2021, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $22.

Cross Country Healthcares, Inc. [CCRN] stock has fluctuated between $12.87 and $25.76 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Cross Country Healthcares, Inc. [NASDAQ: CCRN] shares were valued at $14.96 at the most recent close of the market. An investor can expect a potential return of 40.37% based on the average CCRN price forecast.

Analyzing the CCRN fundamentals

Cross Country Healthcares, Inc. [NASDAQ:CCRN] reported sales of 1.58B for the trailing twelve months, which represents a drop of -37.16%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.64 points at the first support level, and at 14.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.29, and for the 2nd resistance point, it is at 15.62.

Ratios To Look Out For

For context, Cross Country Healthcares, Inc.’s Current Ratio is 3.07. Further, the Quick Ratio stands at 3.07, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 64.99.

Transactions by insiders

Recent insider trading involved Grieco Cynthia Ann, VP, Corporate Treasurer, that happened on Aug 02 ’24 when 1945.0 shares were sold. Pres., Cross Country Locums, Mote Karen completed a deal on Aug 02 ’24 to sell 13829.0 shares. Meanwhile, Group President, Delivery Krug Marc S. sold 13657.0 shares on May 30 ’24.

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